Sabadell Net Income Beats Views
Photo: albert gea/Reuters
Banco de Sabadell SAB 1.51%increase; green up pointing triangle reported a rise in first-quarter net profit that beat views, bolstering its case for remaining independent as it contends a hostile takeover from larger peer Banco Bilbao Vizcaya Argentaria BBVA 0.28%increase; green up pointing triangle .
The Spanish lender said net profit rose 59% to 489 million euros ($552.7 million) in the three months ended March. The result beat expectations of a 438 million-euro figure taken from a company-compiled consensus.
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